Compound Finance, a leading player in the decentralized finance (DeFi) space, has been hit with a governance attack amounting to $25 million. The attack, which appears to have gone unnoticed initially, has sent ripples through the cryptocurrency community.
The attack was orchestrated on the governance protocol of Compound Finance, a system that is integral to the operation and decision-making processes within the platform. The details of the attack are still emerging, but it is clear that the magnitude of the breach is significant.
A cryptocurrency whale, known by the pseudonym “Humpy”, is believed to be behind the attack. The identity and motives of Humpy remain shrouded in mystery, but their actions have undoubtedly cast a shadow over the security protocols of Compound Finance.
